Pinterest (NYSE:PINS) Director Sells $960,937.50 in Stock

Pinterest, Inc. (NYSE:PINS) Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $20.50, for a total transaction of $960,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pinterest Price Performance

PINS stock opened at $21.36 on Friday. The firm’s 50-day moving average price is $19.64 and its two-hundred day moving average price is $21.77. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 1.16 and a beta of 0.92. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities analysts predict that Pinterest, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PINS shares. Barclays boosted their price target on shares of Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their price target on shares of Pinterest from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. TD Cowen boosted their price target on shares of Pinterest from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Citigroup boosted their price target on shares of Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Wedbush reduced their price target on shares of Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.40.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest’s expanded AWS deal should help support its AI roadmap, improve search and personalization, and potentially strengthen engagement and ad revenue over time. Pinterest Works with AWS to Power Next Chapter of AI-Driven Visual Search Discovery
• Positive Sentiment: Analysts turned more constructive after Pinterest’s strong first quarter, with Oppenheimer raising its price target to $30 and maintaining an Outperform rating, reinforcing bullish sentiment around the stock. Here is Why Pinterest (PINS) is One of the Best Large Cap Stocks Under $30
• Neutral Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged Rule 10b5-1 plan, which may weigh on sentiment a bit but does not necessarily reflect a change in outlook. Insider Selling: Pinterest (NYSE:PINS) Director Sells 46,875 Shares of Stock
• Neutral Sentiment: Some recent commentary noted Pinterest had been under pressure after earnings, but the AWS expansion is now the more important near-term catalyst for the stock. Pinterest signs $4 billion Amazon deal for cloud services

Institutional Investors Weigh In On Pinterest

A number of hedge funds and other institutional investors have recently bought and sold shares of PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest in the fourth quarter worth about $252,000. Integrated Wealth Concepts LLC grew its holdings in Pinterest by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after purchasing an additional 607 shares during the period. Empowered Funds LLC grew its holdings in Pinterest by 45.6% in the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after purchasing an additional 4,748 shares during the period. Sivia Capital Partners LLC grew its holdings in Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock worth $335,000 after purchasing an additional 2,649 shares during the period. Finally, Jump Financial LLC purchased a new stake in Pinterest in the second quarter worth about $696,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

About Pinterest

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.